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Thoughts for a Dollar

HSBC CEO Suggests Pegging HK Dollar to Currency Basket

By

Fiona Law

Updated Aug. 2, 2011 11:12 p.m. ET

HONG KONG—HSBC Holdings PLC Chief Executive Stuart Gulliver said Tuesday that Hong Kong authorities could consider pegging the local dollar to a basket of currencies, should any change be made to the city's 28-year-old fixed exchange rate against the U.S. dollar.

The comments from the chief of HSBC, Hong Kong's biggest lender by assets and one of the three banks licensed to print the local currency, come amid intensifying debate on...

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